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Smart Building Market To Hit High Growth Peak With USD 121.3 Billion Earnings By 2028

Smart Building Market - Global Industry Analysis

Smart Building Market- By Application (Commercial, Residential, and Industrial), By Automation Type (ENERGY MANAGEMENT, Infrastructure Management, Network & Communication Management, and Intelligent Security Systems), By Service (Professional Services and Managed Services), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 23-Nov-2021 Category: Energy & Mining Report Format : PDF Pages: 165 Report Code: ZMR-2574 Status : Published

The global Smart Building Market accrued earnings worth approximately 67.4 (USD Billion) in 2020 and is predicted to gain revenue of about 121.3 (USD Billion) by 2028, is set to record a CAGR of nearly 10.6% over the period from 2021 to 2028.

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Description

The global Smart Building Market accruedearnings worth approximately 67.4 (USD Billion) in 2020 and ispredicted to gain revenue of about 121.3 (USD Billion) by 2028, isset to record a CAGR of nearly 10.6% over the period from 2021 to2028. The report offers assessment and analysis of theSmart Building Market on a global and regionallevel. The study offers a comprehensive assessment of the marketcompetition, constraints, revenue estimates, opportunities,evolving trends, and industry-validated data. The report provideshistorical data from 2018 to 2020 along with a forecast from 2021to 2028 based on revenue (USD Billion).

Smart Building Market: Synopsis

Smart building is a kind of infrastructure making utilization ofautomation for controlling building operations includingventilation, air conditioning, heating, and lighting. Furthermore,sensors, microchips, and actuators are used in buildings forgathering data along with effectively handling its functions &activities. Moreover, smart building infrastructure assistsoperators as well as facility managers in enhancement of assetperformance which results in space optimization along with powerutility and minimizes impact of environmental pollution onstructures.

Smart Building Market: Growth Drivers

Surge in acceptance of IoT-based building management systemsalong with massive demand for power efficient tools will steergrowth of smart building market over upcoming years. Apart fromthis, evolution of 5G technology and growing smart city concepts isset to create new growth avenues for smart building industry overforecasting timeframe. Need for reducing operating costs, securitymanagement expenses, tenant management costs, and buildingperformance management charges will proliferate expansion of smartbuilding industry. Rise in need of safe & healthy workspace ispredicted to propel industry trends.

Furthermore, use of smart systems for sanitizing, proper officeventilating, temperature measuring, and space optimization willculminate into humungous elevation of size of smart building marketin coming years. Smart technology used in smart buildings can helpin tracking of movement of staff, thereby restricting spread ofdiseases. With smart systems interacting with people & processesalong with offering real-time information to employers to ensuresafety of staff is projected to prop up demand for constructing ofsmart buildings across globe. Swift urbanization is set to spikegrowth of smart building market over forecasting timespan.Nonetheless, rise in cases of cyber-attacks in smart buildings canpose a threat to expansion of smart building industry overanticipated period.

Regional Landscape

North America To Make Notable Contributions TowardsOverall Market Size By 2028

Introduction of green building initiatives is predicted tocreate strong growth platform for smart building market insub-continent. Growing concerns pertaining to power consumption hasresulted in demand for launching of new energy efficient systemsfor building, thereby driving regional market trends. Presence ofgiant firms in countries such as the U.S. will promulgate scope ofsmart building market growth in North America over forecastingtimespan.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Competitive Landscape

Key players favorably impacting growth of smart buildingindustry landscape and profiled in report are Siemens AG, Johnsoncontrols, ABB Group, Cisco Systems, Schneider SE, UnitedTechnologies Corporation, BuildingIQ, Inc., HoneywellInternational, IBM Corporation, and Delta Controls.

The global Smart Building Market is segmented asfollows:

By Application

Commercial
Industrial
Residential

By Service

Professional Services
Managed Services

By Automation Type

ENERGY MANAGEMENT
Intelligent Security Systems
Infrastructure Management
Network & Communication Management

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodulogy
  - 1.3.1. Market Research Type
  - 1.3.2. Market Research Methodulogy
Chapter 2. Executive Summary
- 2.1. Pharmaceutical Intermediates Market, 2018–2028(USD Billion)
- 2.2. Pharmaceutical Intermediates Market: Snapshot
Chapter 3. Global Pharmaceutical Intermediates Market– Industry Analysis
- 3.1. Pharmaceutical Intermediates Market: Market Dynamics
- 3.2. Market Drivers
  - 3.2.1. Increase in acceptance of IoT-based building management systems along with massive demand for power efficient touls will steer growth of smart building market over upcoming years.
  - 3.2.2. Emergence of 5G technulogy and rising smart city concepts is likely to provide lucrative avenues for smart building industry growth over forecasting timeline.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
  - 3.4.1. Market attractiveness analysis By Application
  - 3.4.2. Market attractiveness analysis By Automation Type
  - 3.4.3. Market attractiveness analysis By Service
Chapter 4. Global Pharmaceutical Intermediates Market– Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global Pharmaceutical Intermediates Market: company market share, 2019
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New Product launches
  - 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
Chapter 5. Global Pharmaceutical Intermediates Market– Application Analysis
- 5.1. Global Smart Building Marketoverview: By Application
  - 5.1.1. Global Smart Building Marketshare, By Application, 2020 and 2028
- 5.2. Commercial
  - 5.2.1. Global Smart Building Marketby Commercial, 2018–2028(USD Billion)
- 5.3. Industrial
  - 5.3.1. Global Smart Building Marketby Industrial, 2018–2028(USD Billion)
- 5.4. Residential
  - 5.4.1. Global Smart Building Marketby Residential, 2018–2028(USD Billion)
Chapter 6. Global Pharmaceutical Intermediates Market– Automation Type Analysis
- 6.1. Global Smart Building Marketoverview: By Automation Type
  - 6.1.1. Global Smart Building Marketshare, By Automation Type, 2020 and 2028
- 6.2. ENERGY MANAGEMENT
  - 6.2.1. Global Smart Building Marketby ENERGY MANAGEMENT , 2018–2028(USD Billion)
- 6.3. Intelligent Security Systems
  - 6.3.1. Global Smart Building Marketby Intelligent Security Systems, 2018–2028(USD Billion)
- 6.4. Infrastructure Management
  - 6.4.1. Global Smart Building Marketby Infrastructure Management, 2018–2028(USD Billion)
- 6.5. Network & Communication Management
  - 6.5.1. Global Smart Building Marketby Network & Communication Management, 2018–2028(USD Billion)
Chapter 7. Global Smart Building Marketoverview: By Service
- 7.1. Global Pharmaceutical Intermediates Marketshare, By Service , 2020 and 2028
- 7.2. Professional Services
  - 7.2.1. Global Pharmaceutical Intermediates Marketby Professional Services, 2018–2028(USD Billion)
- 7.3. Managed Services
  - 7.3.1. Global Pharmaceutical Intermediates Marketby Managed Services, 2018–2028(USD Billion)
Chapter 8. Company Profiles
- 8.1. Siemens AG
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Product Portfulio
  - 8.1.4. Business Strategy
  - 8.1.5. Recent Developments
- 8.2. Johnson contruls
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Product Portfulio
  - 8.2.4. Business Strategy
  - 8.2.5. Recent Developments
- 8.3. ABB Group
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Product Portfulio
  - 8.3.4. Business Strategy
  - 8.3.5. Recent Development
- 8.4. Cisco Systems
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Product Portfulio
  - 8.4.4. Business Strategy
  - 8.4.5. Recent Development
- 8.5. Schneider SE
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Product Portfulio
  - 8.5.4. Business Strategy
  - 8.5.5. Recent Development
- 8.6. United Technulogies Corporation
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Product Portfulio
  - 8.6.4. Business Strategy
  - 8.6.5. Recent Development
- 8.7. BuildingIQ, Inc.
  - 8.7.1. Overview
  - 8.7.2. Financials
  - 8.7.3. Product Portfulio
  - 8.7.4. Business Strategy
  - 8.7.5. Recent Development
- 8.8. Honeywell International
  - 8.8.1. Overview
  - 8.8.2. Financials
  - 8.8.3. Product Portfulio
  - 8.8.4. Business Strategy
  - 8.8.5. Recent Development
- 8.9. IBM Corporation
  - 8.9.1. Overview
  - 8.9.2. Financials
  - 8.9.3. Product Portfulio
  - 8.9.4. Business Strategy
  - 8.9.5. Recent Development
- 8.10. Delta Contruls
  - 8.10.1. Overview
  - 8.10.2. Financials
  - 8.10.3. Product Portfulio
  - 8.10.4. Business Strategy
  - 8.10.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Smart Building Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Smart Building Marketattractiveness, By Application
6. Global Smart Building Marketattractiveness, By Automation Type
7. Global Smart Building Marketattractiveness, By Service
8. Global Smart Building Marketshare by Application ,2020 and 2028 (USD Billion)
9. Global Smart Building Marketby Commercial, 2018–2028(USD Billion)
10. Global Smart Building Marketby Industrial, 2018–2028(USD Billion)
11. Global Smart Building Marketby Residential, 2018–2028(USD Billion)
12. Global Smart Building Marketshare by Automation Type,2020 and 2028 (USD Billion)
13. Global Smart Building Marketby ENERGY MANAGEMENT, 2018–2028(USD Billion)
14. Global Smart Building Marketby Intelligent Security Systems, , 2018–2028(USD Billion)
15. Global Smart Building Marketby Infrastructure Management, , 2018–2028(USD Billion)
16. Global Smart Building Marketby Network & Communication Management, , 2018–2028(USD Billion)
17. Global Smart Building Marketshare by Service ,2020 and 2028 (USD Billion)
18. Global Smart Building Marketby Professional Services, 2018–2028(USD Billion)
19. Global Smart Building Marketby Managed Services, 2018–2028(USD Billion)
20. Global Smart Building Marketshare, by Region, 2020 and 2028
21. North America Smart Building Market, 2018–2028(USD Billion)
22. Europe Smart Building Market, 2018–2028(USD Billion)
23. Asia Pacific Smart Building Market, 2018–2028(USD Billion)
24. Latin America Smart Building Market, 2018–2028(USD Billion)
25. The Middle East and Africa Smart Building Market, 2018–2028(USD Billion)

List of Tables

1. Global Smart Building Market: snapshot
2. Drivers of the Smart Building Market: impact analysis
3. North America Smart Building Marketrevenue, By Application ,2018–2028(USD Billion)
4. North America Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
5. North America Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
6. The U.S. Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
7. The U.S. Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
8. The U.S. Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
9. Rest of North America Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
10. Rest of North America Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
11. Rest of North America Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
12. Europe Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
13. Europe Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
14. Europe Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
15. UK Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
16. UK Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
17. UK Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
18. France Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
19. France Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
20. France Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
21. Germany Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
22. Germany Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
23. Germany Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
24. Rest of Europe Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
25. Rest of Europe Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
26. Rest of Europe Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
27. Asia Pacific Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
28. Asia Pacific Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
29. Asia Pacific Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
30. China Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
31. China Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
32. China Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
33. Japan Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
34. Japan Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
35. Japan Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
36. India Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
37. India Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
38. India Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
39. Rest of Asia Pacific Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
40. Rest of Asia Pacific Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
41. Rest of Asia Pacific Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
42. Latin America Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
43. Latin America Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
44. Latin America Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
45. Brazil Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
46. Brazil Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
47. Brazil Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
48. Rest of Latin America Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
49. Rest of Latin America Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
50. Rest of Latin America Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
51. The Middle East and Africa Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
52. The Middle East and Africa Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
53. The Middle East and Africa Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
54. Saudi Arabia Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
55. Saudi Arabia Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
56. Saudi Arabia Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
57. South Africa Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
58. South Africa Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
59. South Africa Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)
60. Rest of the Middle East & Africa Smart Building MarketRevenue, By Application ,2018–2028(USD Billion)
61. Rest of the Middle East & Africa Smart Building MarketRevenue, By Automation Type,2018–2028(USD Billion)
62. Rest of the Middle East & Africa Smart Building MarketRevenue, By Service ,2018–2028(USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Smart Building market. Zion Market Research has collected and analyzed key data belong to the global Smart Building market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Smart Building across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Smart Building industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Smart Building market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split into segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.

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FrequentlyAsked Questions

Which key factors will influence the Smart Building Market growth over 2021-2028?

Surge in acceptance of IoT-based building management systems along with massive demand for power efficient tools will steer growth of smart building market over upcoming years. Apart from this, evolution of 5G technology and growing smart city concepts is set to create new growth avenues for smart building industry over forecasting timeframe. Need for reducing operating costs, security management expenses, tenant management costs, and building performance management charges will proliferate expansion of smart building industry. Rise in need of safe & healthy workspace is predicted to propel industry trends.

Furthermore, use of smart systems for sanitizing, proper office ventilating, temperature measuring, and space optimization will culminate into humungous elevation of size of smart building market in coming years. Smart technology used in smart buildings can help in tracking of movement of staff, thereby restricting spread of diseases. With smart systems interacting with people & processes along with offering real-time information to employers to ensure safety of staff is projected to prop up demand for constructing of smart buildings across globe.

What will be the value of the Smart Building Market during 2021-2028?

According to Zion market research report, the global Smart Building Market accrued earnings worth approximately 67.4 (USD Billion) in 2020 and is predicted to gain revenue of about 121.3 (USD Billion) by 2028, is set to record a CAGR of nearly 10.6% over the period from 2021 to 2028.

Which region will contribute notably towards the global Smart Building Market revenue?

North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to introduction of green building initiatives. In addition to this, growing concerns pertaining to power consumption has resulted in demand for launching of new energy efficient systems for building, thereby steering regional market trends. Presence of giant firms in countries such as the U.S. will promulgate scope of smart building market growth in North America over forecasting timespan.

Which are the major players impacting Smart Building Market growth?

The key market participants include Siemens AG, Johnson controls, ABB Group, Cisco Systems, Schneider SE, United Technologies Corporation, BuildingIQ, Inc., Honeywell International, IBM Corporation, and Delta Controls.